Two-Home Multifamily
New
For Sale
$990,000
816 N Jackson, Santa Ana, CA 92703
Separate gas and electric meters serve each residence, with a carport and garage providing five vehicle spaces.
Property Size2,061 SF
Days on Market1
Property Features for 816 N Jackson
General Information
Standard status
Active
Size
2,061 SF
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
need TLC
Site & Location
Neighborhood
Santa Anita
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Building Details
Building Size
2,061 SF
Year Built
1965
Buildings
2
Units
2
Listed By:
Manuel Ruiz
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 5:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Manuel Ruiz
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Investment Insights
Based on property information with market context.
Built in 1965, the property comprises two detached residences on one lot: a two-bedroom, one-bath home at 814 N. Jackson Street and a three-bedroom, one-bath home at 816 N. Jackson Street. Each residence has its own gas and electric meter. The front home has a carport with capacity for three cars; the rear home includes an attached two-car garage. Both homes need work, and the same tenants occupied them for nearly 15 years.
The property has a Bike Score of 80, a Walk Score of 78 and a Transit Score of 46.
The property has a Bike Score of 80, a Walk Score of 78 and a Transit Score of 46.
Key Highlights
- Two residences on one lot, with separate gas and electric meters for each
- Front home: 2 bedrooms, 1 bathroom, and a carport for 3 cars
- Rear home: 3 bedrooms, 1 bathroom, and an attached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,317
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,340
$746.3K
Cap Rate 7%
$533,100
$533.1K
Cap Rate 9%
$414,633
$414.6K
Market Conditions
NOI Build-Up for 2,061 SF
Gross rent
$55.6K $27.00/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$53.3K $25.87/SF
− OpEx
−$16.0K −$7.76/SF
NOI
$37.3K $18.11/SF
Area
ZIP 92703
Vacancy
4.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,340
Cap Rate 7%
$533,100
Cap Rate 9%
$414,633
Alternative Uses
Best Use
Multifamily LT 5
$533.1K
$466.5K – $622.0K
NOI $37,317 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$493.8K
$432.1K – $576.2K
NOI $34,569 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$596.5K
$522.0K – $695.9K
NOI $41,756 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate gas and electric meters serve each residence, with a carport and garage providing five vehicle spaces.
Where is this multifamily property located?
The property is located at 816 N Jackson Santa Ana, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two residences on one lot, with separate gas and electric meters for each; Front home: 2 bedrooms, 1 bathroom, and a carport for 3 cars; Rear home: 3 bedrooms, 1 bathroom, and an attached 2‑car garage
